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United States · Bill · HR

H.R. 1303 (109th)

Fairness and Accountability in International Taxation Act of 2005

referredUnited States· United States Congress· EN

Introduced

15 March 2005

Last action

15 March 2005 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Doggett, Lloyd [D-TX-37], Rep. Levin, Sander M. [D-MI-12], Rep. Neal, Richard E. [D-MA-1], Rep. Lewis, John [D-GA-5], Rep. McDermott, Jim [D-WA-7], Rep. McNulty, Michael R. [D-NY-23], Rep. Jefferson, William J. [D-LA-2], Rep. Stark, Fortney Pete [D-CA-13], Rep. Abercrombie, Neil [D-HI-1], Rep. Ackerman, Gary L. [D-NY-5], Rep. Andrews, Robert E. [D-NJ-1], Rep. Baird, Brian [D-WA-3], Sen. Baldwin, Tammy [D-WI], Rep. Brown, Corrine [D-FL-5], Sen. Brown, Sherrod [D-OH], Rep. Capps, Lois [D-CA-24], Rep. Capuano, Michael E. [D-MA-8], Rep. Carson, Julia [D-IN-7], Rep. Conyers, John, Jr. [D-MI-13], Rep. Crowley, Joseph [D-NY-14], Rep. Davis, Danny K. [D-IL-7], Rep. DeFazio, Peter A. [D-OR-4], Rep. DeGette, Diana [D-CO-1], Rep. Delahunt, William D. [D-MA-10], Rep. DeLauro, Rosa L. [D-CT-3], Rep. Edwards, Chet [D-TX-17], Rep. Evans, Lane [D-IL-17], Rep. Farr, Sam [D-CA-20], Rep. Fattah, Chaka [D-PA-2], Rep. Filner, Bob [D-CA-51], Rep. Green, Gene [D-TX-29], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Hastings, Alcee L. [D-FL-20], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Hinojosa, Ruben [D-TX-15], Rep. Holt, Rush [D-NJ-12], Rep. Hooley, Darlene [D-OR-5], Rep. Jackson, Jesse L., Jr. [D-IL-2], Rep. Jackson Lee, Sheila [D-TX-18], Rep. Kaptur, Marcy [D-OH-9], Rep. Kennedy, Patrick J. [D-RI-1], Rep. Kilpatrick, Carolyn C. [D-MI-13], Rep. Kind, Ron [D-WI-3], Rep. Kucinich, Dennis J. [D-OH-10], Rep. Lee, Barbara [D-CA-12], Sen. Markey, Edward J. [D-MA], Rep. McGovern, James P. [D-MA-2], Rep. Meehan, Martin T. [D-MA-5]

Subjects

Taxation

Source updated

15 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Fairness and Accountability in International Taxation Act of 2005 - Amends the Internal Revenue Code to deny reduced withholding tax treaty benefits to a foreign entity on any deductible foreign payment (deductible payment made by a domestic entity to a related foreign entity) unless such entity is predominantly owned by individuals who are residents of such foreign country. Exempts from such provision: (1) corporations with substantial business activities in a treaty country with specified tax rates; (2) payments received by controlled foreign corporations from U.S. shareholders; and (3) certain conduit payments made by foreign corporations. Provides a special income and deduction allocation rule for related-party inbound (transfer price reduced by deflected tax haven income) and outbound (transfer price increased by deflected tax haven income) transactions. Defines "related-party inbound transaction," "related-party outbound transaction," and "deflected tax haven."

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 15 March 2005

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 15 March 2005

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 15 March 2005

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 15 March 2005

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  • Introduced in House (PDF)

    Introduced in House · EN · 15 March 2005

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  • Introduced in House

    summary · EN · 15 March 2005

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Sponsors

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Related records

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Sources

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